PMETAL - OTHERS PRESS METAL BERHAD ("THE COMPANY") - POWER OUTAGE INCIDENT AT ITS SMELTING PLANT IN MUKAH, SARAWAK
Announcement Type: General Announcement
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-58205 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PRESS METAL BERHAD ("THE COMPANY") - POWER OUTAGE INCIDENT AT ITS SMELTING PLANT IN MUKAH, SARAWAK |
The Board of Directors of the Company wishes to inform that its subsidiary, Press Metal Sarawak Sdn Bhd ("PMS"), suffered a sudden shutdown of its primary aluminium production lines at its Mukah smelting plant due to a major power outage that occured at approximately 5.40 p.m. on 27 June 2013 in the State of Sarawak. The power outage lasted for almost six (6) hours, leading to a significant drop in temperature of the production pots. Although power has been restored, PMS was unable to resume metal production as solidification had taken place in the reduction cells of its potline despite its management and staff working tirelessly around the clock to salvage the pots. The incident did not cause any harm to persons or any known uncontrolled emissions. At the time of this announcement, none of the pots could be salvaged. The Board of Directors are unable to estimate the full impact and consequences of the incident but will be closing the smelting plant to facilitate major reconstructions works. PMS has in place adequate insurance coverage and has initiated engagement with its insurers to ascertain the damage and the cost of the reconstruction works. The official statement issued by the Sarawak Energy Board on 27 June 2013 pinpoints the cause of the power outage from a sudden drop in the power load originating from the Bakun hydro-electric plant which resulted in a serious frequency drop in the grid which in turn activated an automatic safety tripping mechanism that resulted in the shutdown of all power stations in the grid, otherwise known as the "No Recovery Situation". The Company had no means of avoiding the occurrence of such an event. Consequently, PMS has issued a notice to its affected customers that a force majeure event had occured at its Mukah smelting plant thereby impacting the supply of aluminium products to such customers. Whilst PMS is in the midst of exploring alternative arrangements for its affected customers, the temporary set-back has not affected the operations of the Company's other subsidiary in Sarawak, Press Metal Bintulu Sdn Bhd, which is nearing the completion of its ramp-up operations at the Samalaju Industrial Park, Bintulu, Sarawak. Information on PMS PMS is an 80%-owned subsidiary of the Company, principally engaged in the manufacturing of aluminium products. Financial Effect The effect of this unexpected event on the net assets and earnings of the Group for the financial year ending 31 December 2013 will be dependent on the amount of damages and the extent of its recovery. Directors' Statement The Board of Directors of the Company is of the opinion that this incident is not of a material magnitude that will affect the going concern of the Group. This announcement is dated 1 July 2013. | |
EG - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG |
| Date Announced | 1 Jul 2013 |
| Category | Change in Audit Committee |
| Reference No | EI-130628-41395 |
| Date of change | 01/07/2013 |
| Name | LIM SZE YAN |
| Age | 36 |
| Nationality | MALAYSIAN |
| Type of change | Redesignation |
| Previous Position | Member of Audit Committee |
| New Position | Chairman of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Bachelor of Commerce (Accounting & Finance Double Major) Curtin University of Technology, Perth Western Australia Member of CPA Australia Associate member of FIAT-IFT |
| Working experience and occupation | Mr Lim started his career as an audit assistant with Tay & Associate from 2001 to 2003. Thereafter, Mr. Lim joined Aim Strong Ind. Sdn. Bhd. as Account Executive for the period from 2003 to 2005 and subsequently, he was promoted as Business Development Manager from 2005 to 2007 and finally as General Manager since 2007. Currently, he is also Executive Director of V-Hua Management Sdn. Bhd. |
| Directorship of public companies (if any) | NIL |
| Family relationship with any director and/or major shareholder of the listed issuer | NIL |
| Any conflict of interests that he/she has with the listed issuer | NIL |
| Details of any interest in the securities of the listed issuer or its subsidiaries | NIL |
| Composition of Audit Committee (Name and Directorate of members after change) | CHAIRMAN- LIM SZE YAN (INDEPENDENT & NON-EXECUTIVE) MEMBERS - ANG SENG WONG (INDEPENDENT & NON-EXECUTIVE) DR DAMIEN LIM YAT SENG (INDEPENDENT & NON-EXECUTIVE) |
EG - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG |
| Date Announced | 1 Jul 2013 |
| Category | Change in Audit Committee |
| Reference No | EI-130628-41060 |
| Date of change | 01/07/2013 |
| Name | ANG SENG WONG |
| Age | 51 |
| Nationality | MALAYSIAN |
| Type of change | Redesignation |
| Previous Position | Chairman of Audit Committee |
| New Position | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Masters degree from USA & Bachelor of Arts and Bachelor of Business from Australia Member of Australian CPA Member of Australian Insurance Institute Member of the Malaysian Institute of Accountants |
| Working experience and occupation | Mr. Ang started his career as an accountant in Melbourne for 5 years. Upon his return to Malaysia, Mr. Ang served as the Finance Director for a Taiwanese PCB and PCBA firm, the Executive Representative for a Taiwanese Venture Capital Organisation and a Corporate Affairs Director for an international plastics entity. His last posting as an employee was as the Executive Director for a listed electronics company. Currently, in cooperation with a US firm, he runs an export business. He also has multiple business interests in manufacturing and trading. As a part time activity, Mr Ang is a trainer. He has conducted public training and in-house training for Petronas, Telekoms, NEC etc. In addition he has also lectured in University Malaya for the European Union officers, AEU for their Masters program, OUM, UTM and Saudi General Organization for Technical Education and Vocational Training. |
| Directorship of public companies (if any) | NIL |
| Family relationship with any director and/or major shareholder of the listed issuer | NIL |
| Any conflict of interests that he/she has with the listed issuer | NIL |
| Details of any interest in the securities of the listed issuer or its subsidiaries | NIL |
| Composition of Audit Committee (Name and Directorate of members after change) | CHAIRMAN- LIM SZE YAN (INDEPENDENT & NON-EXECUTIVE) MEMBERS - ANG SENG WONG (INDEPENDENT & NON-EXECUTIVE) DR DAMIEN LIM YAT SENG (INDEPENDENT & NON-EXECUTIVE) |
FRB - Changes in Director's Interest (S135) - Dato' Gan Nyap Liou @ Gan Nyap Liow
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | FORMIS RESOURCES BERHAD |
| Stock Name | FRB |
| Date Announced | 1 Jul 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | FR-130701-E4059 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Gan Nyap Liou @ Gan Nyap Liow |
| Address | 30 Lorong Kemaris 1 Bukit Bandaraya Bangsar 59100 Kuala Lumpur |
| Descriptions(Class & nominal value) | Ordinary Shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 30,000 |
| Circumstances by reason of which change has occurred | Aquisition of equity interest. |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 30,000 |
| Direct (%) | 0.008 |
| Indirect/deemed interest (units) | 10,663,000 |
| Indirect/deemed interest (%) | 3.03 |
| Date of notice | 01/07/2013 |
FRB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | FORMIS RESOURCES BERHAD |
| Stock Name | FRB |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | FR-130701-C7E46 |
| Type | Announcement | ||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||||||||||
| Description | We wish to announce that pursuant to Paragraph 14.08 of the Listing Requirements of the Bursa Malaysia Securities Berhad, Formis Resources Berhad ("FRB") has on 1 July 2013 received notification dated 1 July 2013 from Dato' Gan Nyap Liou @ Gan Nyap Liow ("Dato' Gan") of his dealings in the ordinary shares and Warrants 2013/2018 of FRB as per Table A and Table B below. | ||||||||||||||||||||||||||||||||
TABLE A
TABLE B
^ Deemed interested by virtue of his substantial interest in PlanetBiz Investments Limited, pursuant to Section 6A of the Companies Act, 1965. | |||||||||||||||||||||||||||||||||
FRB-WB - Changes in Director's Interest (S135) - Dato' Gan Nyap Liou @ Gan Nyap Liow
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | FORMIS RESOURCES BERHAD |
| Stock Name | FRB-WB |
| Date Announced | 1 Jul 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | FR-130701-C7E54 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Gan Nyap Liou @ Gan Nyap Liow |
| Address | 30 Lorong Kemaris 1 Bukit Bandaraya Bangsar 59100 Kuala Lumpur |
| Descriptions(Class & nominal value) | Warrants 2013/2018 |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 200,000 | ||
Acquired | 200,000 |
| Circumstances by reason of which change has occurred | Aquisition of Warrants 2013/2018. |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 966,900 |
| Direct (%) | 1.16 |
| Indirect/deemed interest (units) | 2,831,500 |
| Indirect/deemed interest (%) | 3.41 |
| Date of notice | 01/07/2013 |
MAXTRAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
| Company Name | MAXTRAL INDUSTRY BERHAD |
| Stock Name | MAXTRAL |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130626-54970 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | MONTHLY UPDATE ON THE STATUS OF ITS DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD |
We refer to our announcements dated 14 November 2012, 10 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 6 May 2013 and 4 June 2013. In compliance with paragraph 3.2 of PN1, the Board of Directors of Maxtral Industry Berhad wishes to inform that there has been no material development on the status as announced previously. This announcement is dated 1 July 2013. | |
MAXTRAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
| Company Name | MAXTRAL INDUSTRY BERHAD |
| Stock Name | MAXTRAL |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130626-55508 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | MONTHLY UPDATE ON THE STATUS OF ITS DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD |
We refer to our annoucements dated 21 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 6 May 2013 and 4 June 2013. The Board of Directors of Maxtral Industry Berhad wishes to announce that the Company is still in the midst of formulating its regularisation plan. Any further development on the regularisation plan will be announced accordingly. The Company has approximately another five (5) months to submit its regularisation plan to the relevant authorities for approval. This announcement is dated 1 July 2013. | |
MAXTRAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
| Company Name | MAXTRAL INDUSTRY BERHAD |
| Stock Name | MAXTRAL |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130626-57009 |
| Type | Announcement | |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT | |
| Description | MONTHLY UPDATE PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD | |
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SCIB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-1E701 |
| Type | Announcement | ||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||
| Description | Pursuant to Paragraph 14.09 of the Main Market Listing Requirements, Sarawak Consolidated Industries Berhad ("the Company") wishes to announce that the Company has received notification dated 1 July 2013 from the director of the Company, Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo as outlined below: | ||||||||
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